The Definition of Pay for Performance. Pay for performance models reward providers, such as physicians, other health care providers, hospitals, and medical groups under contract for meeting pre-established performance measures to improve quality and efficiency in health care delivery.It is popular among policy makers pay for performance paper and private and public payers, such as Medicare and Medicaid. The first initiative adopted by one of the nations largest health care plans, PacifiCare Health Systems, began paying medical groups in California bonuses for meeting or exceeding 10 clinical and service quality targets in 2003 (Meredith, Richard, Zhonghe, Arnold, 2005). Service quality targets included five patient-reported measures of service quality, five ambulatory care quality indicators, and a set of hospital quality measures for referring patients to high-quality hospitals.
When the write my research paper pay for performance starts cascading through the organization, the middle management starts to act as it is required by the pay for performance concept. The CEO has to follow strictly the rules given by the pay for performance and the whole idea will spread in the organization quickly as the managers will follow the positive role play given by the top management. Pay for Performance Content, showing record 2.Compensation and Benefits, index, recruitment and Selection. Text Preview, pay For Performance, jentry Pippin, hCS/531.December 24, 2012, jody Sklar, pay For Performance, prior to the 2000s, fee-for-service systems dominated how health care providers received payment for providing care to patients. Under the fee-for-service system, physicians received payments, according to the volume of patients and the complexity of services.Two reports written by the Institute of Medicine clearly substantiated serious deficiencies in the quality of health care in the United States. The findings prompted the need to develop initiatives to pay health care workers based on quality. The following discussion defines pay-for-performance, explains the effects of reimbursement under this approach, details the impact of system cost reductions on the quality and efficiency of health care, the effects of this model on health care providers and customers, and the effect pay-for-performance will have.
The pay for performance concept has to be based on the clever mix of the different HR Processes, the right corporate culture and the managerial behavior as the CEO feel the support for reaching the challenging goals and visions. The pay for performance concept cannot be based on the exceptions make a choice essay and poor systems, how to work with the top performers and top talents of the organization. What HR Processes are included in pay for performance? Human Resources has several important HR Processes to support the pay for the performance concept in the organization.The pay for performance cannot be seen as the isolated activity within Compensation and Benefits and Performance Management. The pay for performance includes many processes from Career Development and the Talent Management as the whole concept is about offering more opportunities than just better salaries and higher bonuses to the key groups of employees. The training and development is the essential part of the pay for performance concept as the high proportion of the training and development budget should be focused on the key groups of employees and developing their managerial and leadership skills and competencies. The recruitment and staffing processes have to be focused on the early identification of the top talents on the job market and preparing the attractive packages for the top talents to attract them to the organization.The Career Development and Compensation and Benefits are then a key to the successful retention of such the top talents. How to implement Pay for Performance? The implementation of the pay for performance is not easy and it requests the full commitment of the CEO, HR and the top management.
HRM Guide hR Processes » Pay for Performance, what is pay for performance? Pay for performance is not just a pure compensation and benefits concept. The pay for performance is a right mix of the HR Processes, which supports the optimal performance of the organization and it pays the most performing employees significantly differently, includes special compensation schemes for the selected groups of employees and gives career opportunities to help with essay thesis the.The pay for performance is not just a tool, it is more about the philosophy of the organization to reward the best performing employees and building the suistainable competitive advantage. The high performing organizations differs themselves from the other organizations on the market, they reach higher profitability and they have more satisfied employees, who bring innovative ideas and solutions.